HOTs agreed to Caffé Nero on a new 10 year lease at £42,500 p.a. (£17.39 psf) for the terrace, ground floor and basement ONLY
Development potential to create multiple dwellings in the existing upper floors (subject to the requisite consents)
Possible further development potential to add an additional storey to the existing building (subject to the requisite consents)
Incoming purchaser can decide not to complete the lease with Café Nero and look to carry out a wider residential led development of the site (subject to the requisite consents)
Proposed plans have been created showing the potential for 7 dwellings on site
Located in an affluent and prosperous town
An approx. 4,845 sq ft (low capital value of £138 per sq ft excluding the basement & £122.80 per sq ft including the basement based on the guide)